EXAM COVERAGE - Azure Tide Real Estate Final Exam
The Azure Tide Real Estate Final Exam provides a comprehensive
evaluation of all key concepts covered throughout the pre-licensing
course offered by Azure Tide School. It assesses a candidate's
readiness for the state licensing exam by integrating real estate
principles, laws, and practical applications.
Key topics include property ownership, land use controls, legal
descriptions, and real estate contracts, as well as agency relationships,
fiduciary duties, and brokerage operations. The exam covers real
estate financing, mortgage types, loan qualification, and closing
procedures, along with property valuation methods, appraisal
concepts, and market analysis.
,Without written permission, Phillip tells his buyer Tom, that his seller
Mark is getting divorced and must sell the property quickly. Phillip is
representing both Mark and Tom as a transaction broker. Phillip has
violated which agency duty?
Limited confidentiality
,Maxine didn't understand the paperwork that an oil company had her
sign when they started drilling for oil on her property. The guy that got
her to sign the paperwork was very nice and told her she would never
have to move off the property - but could sell it anytime if she chose.
But when they struck oil, she wasn't entitled to any of the money from
the oil. What rights had she signed over to the oil company?
Mineral
Which of the following most accurately describes the statute of
limitations?
Places a time limit on pursuing a legal remedy in relation to wrongful
conduct
, How is practicing real estate without a license punishable as?
Third degree felony
Winnie failed to add to her application for a Florida real estate license
the fact that she had previously been convicted of theft. Which
statement is true?
Failure for Winnie to disclose the theft would be viewed as falsifying
an application.